TOP 10 Agm Tax

agm tax 2023 June

What is an AGM?

a) What is AGM? An Annual General Meeting (AGM) is one of the compliance requirements for all Singapore companies. The annual meeting is mandatory to be held by a company to keep its shareholders updated with the business health, financial performance as well as the progress of the company.

Is it compulsory for a company to hold an AGM?

The Companies Act, 2013 makes it compulsory to hold an annual general meeting to discuss the yearly results, auditor’s appointment and so on. A company should follow the procedures under the Companies Act, 2013 to conduct the AGM.

What is an annual General Meeting (AGM) under Companies Act?

An annual general meeting (AGM) under Companies Act, 2013 is a yearly meeting of company’s interested shareholders to receive, consider, approve and adopt the Annual Financial Statements (whether standalone or consolidated) ending on 31st March every year together with the Board of Directors Report and Report of the Auditors thereon.

How many AGMs must a company conduct in a financial year?

A company other than OPC must conduct at least one Annual General Meeting (AGM) in a financial year. The first AGM of the company, i.e. a newly incorporated company, should be held within nine months from the closing of the first financial year.






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